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Changes at BNL NY

Market sources report that Agosto Floro has left Banca Nazionale del Lavoro (BNL) in New York after five years, to accept a position as vice president on the spot trading desk at SG New York reporting to Dominick Errichetti, global head of foreign exchange and sales.

In his place, BNL New York is reported to have hired Jesse Torres to trade G7 currencies for them. Torres has spent the last three years managing his firm Towers Capital Management, which he has now dissolved. The bank was unable to confirm the changes by press time.

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